Global mining and metals deal values and volumes down

Global mining and metals deal values and volumes are down, with Canadian numbers falling in the first nine months this year, advisory firm Ernst & Young’s (E&Y’s) seventh twice-yearly ‘Global Capital Confidence Barometer’ has found.
Deal values had declined by 43% year-on-year and volumes had declined by 16% year-over-year. “Our survey results reveal that only 38% of companies, down from 53% in April, are focused on growth in the next 12 months, while 27% are refocusing on business fundamentals, including cost reduction and operational efficiency,” E&Y Canadian mining and metals leader Bruce Sprague said on Wednesday………………………………………..Full Article: Source